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COMMERCIAL REPORT.- October 10, 1821. Sugar...The market for Sugar continues greatly depressed throughout the kingdom. The price has sunk so low that the average is only 31s. and 2d. per cwt. as per last Ga
The internal expences in the colonies for raising each cwt. is 20s. The expences for freight, insurance, commission, &c. is nearly nine more, so that only 28. and 2d. remains to the planter. The produce of his Rum will not, at the present prices, defray the expences incurred in the plantation stores sent to Europe. The price of inferior sugar still declines. The finer only maintain previous prices. The refining trade is in a state of complete stagnation. Many refiners, seeing only continued losses before them, have slackened their works till they can see better prospects. This, we fear, is not at hand. The market of the world is glutted with sugars from the produce of fo. reign colonies ; and which the continuation and extension of the slave-trade by foreign powers is daily rendering more heavy. Picked and effective slaves can be purchased in these colonies at from £30 to £40 sterling each—about one-third of the value of slaves in our colonies. These are employed in cultivating new lands, where the labour of onc effective negro is equal to three times the number of slaves in our islands. The expence of maintaining that effective force is two-thirds less, the produce of their labour twothirds more, and the value of capital employed two-thirds less in foreign than in the British colonies. Against such fearful odds there is no contending with the smallest prospect of success.
Coffee.—The Coffee market since our last has suffered a great decline. The low price of sugars rendered their sale not advisable where any thing else could be brought to market. On this account, Coffee to a great amount was thrown into the market, and the consequence was a depression in price of 9s. or 10s. per cwt. Since then the market has rallied a little, and considerable sales have been effected. The prospect, how. ever, is by no means very flattering.
Cotton.—The Cotton market reinains in a state which renders few remarks necessary. A sale of East India is announced, and till it is over the market will perhaps remain stationary. The accounts from the United States advise us that the exports to France are about 200,000 bales, and their own internal consumption 75,000 bales, which is half the crop of the United States. These things shew the quarters where our manufacturers are meeting with the greatest and most serious opposition.
Corn.- The Grain market has undergone great fluctuation since our last. The severe weather towards the close of last month occasioned great speculation in all kinds of grain, and the prices accordingly rose greatly. Wheat advanced about 20s. per quarter. A favourable change, however, taking place in the weather, the greater part of the har. vest has been secured, in consequence of which prices have declined nearly as much as they formerly advanced. The weather during last week was very unfavourable for the labours of the harvest, and considerable damage must have been sustained on the outstanding crops. The last few days, however, have been better, and there is every appearance of the weather continuing settled. In this case, a few days more will complete
the harvest in Scotland. Any injury which the crop may have sustained cannot, we conceive, materially injure the general produce, or seriously affect the prices of the necessaries of life. There seems to be a general opinion that the ports will be opened for grain from Canada, which will be attended with very beneficial consequences to the North American colonies, where the agricultural interests are at present suffering the greatest distress.
In consequence of the vintage in France turning out much less than expected, Brandy has risen considerably in valuc, and is in demand. Rum has attracted the notice of speculators from its exceeding low value. Considerable sales have been effected, but without producing any material alteration in the market. The unfavourable accounts from the whale fisheries has occasioned a rise on the price of Oil; but as the general state of the fishery is not yet correctly ascertained, the market continues unsettled. Other articles of commerce require no particular remark. Our manufacturers continue in full employment, but we fear their profits are not great.
Oats. Pease & Beans.
Tuesday, October 9.
Os. Od Mutton
Os. 4d. to 0s. 6d. New Potatoes (28 lb.) Os. lod, to Os. Od Veal
Os. 8d. to Os. 9d. Fresh Butter, per lb. Is. 4d. to Os. Od Pork
Os. 5d. to Os. 60. Salt ditto, per stone 16s. Od. to 18s. Od Lamb, per quarter 2s. Od. to 3s. Od. Ditto, per Ib.
ls. Od. to
Is. 20 Tallow, per stone 8s. Od. to 9s. Od. | Eggs, per dozen Os. 10d. to Os. Od
Beans. Ist,.....375. Od. 1st, .....26s. Od. 1st, .....19s. Od. 1st, ..... 18s. Od. 1st, .....18s. Od. 2d,......325. Od. 2d......27s. Od. | 2d,......17s. Od. 2d, ..... IGs. Od. | 2d,......16s. Od 3d,......30s. Od. 3d,...... 20s. Od. | 3d,......15s. Od. 3d,......14s. Od. 3d,......14s. Od.
Beans. 1st, 36s. 6d. Ist, ... 24s. Od. 1st, ... 19s. Od.
Ist, 2d, 32s. Od. 2d, 22s. Od. 2d, 175. Od. 2d,
... -S. Od. 3d, , 28s. Od. | 3d, 19s. Od. 3d, 15s. Od. | 3d, -S. Od. 3d, -$. Od
Average, £1 : Ils. 4d. 4-12ths. dverage Prices of Corn in England and Wales, from the Returns received in the Week
ended September 29th. Wheat, 70s. 70.-Rye, 31s. 6d.-Barley, 55s. ld.-Oats, 23s. 1d.-Beans, 36s. 82.-Pease, 35s. 10d.
Beer or Big, Os. Od.-Oatmeal, Os. Od.
... -S. Od
-S. Od. ... - $. Od.
Weekly Price of Stocks, from 1st to 220 September 1821.
Course of Exchange, Oct. 9. Amsterdam, 12 : 17. C.F. Ditto at sight, 12 : 14. Rotterdam, 12: 18. Antwerp, 12:10. Hamburgh, 38. Altona, 38 : 2. Paris, 3 d. sight, 25 : 75. Ditto 26: 5. Bourdeaux, 26:5. Frankfort on the Maine, 157. Petersburgh, per rble. 84: 3 Us. Vienna, 10:23 Eff.fo. Trieste, 10:25 Eff. flo. Madrid, 36. Cadiz, 36. Bilboa, 35). Barcelona, 355. Seville, 35. Gibraltar, 30. Leghorn, 463. Genoa, 433. Venice, 27: 60. Malta, 45. Naples, 394. Palermo, 118. Lisbon, 50. Oporto, 50. Rio Janeiro, 484. Bahia, 58. Dublin, 8) per cent. Cork, 9 per cent.
Prices of Gold and Silver, per oz.-Foreign gold, in bars, £3: 17 : 10$d. New Dollars, 4s. 9d. Silver in bars, stand. 4s. 104d.
ls 6d 2s 100
PRICES CURRENT, October 6. SUGAR, Musc.
LEITH. GLASGOW. LIVERPOOL.
55 Mid. good, and fine mid. 70
58 Fine and very fine,
81 Refined Doub. Loaves,
115 Powder ditto,
110 Single ditto,
104 Small Lumps,
91 Large ditto,
92 Crushed Lumps,
56 MOLASSES, British, ewt. 25 6
25 28 COFFEE, Jamaica, . cwt. Ord. good, and fine ord. 90
102 95 105 Mid. good, and fine mid. 100 106 104
120 Dutch Triage and very ord.
98 Ord. good, and fine ord. 120
108 Mid. good, and fine mid. 135 140
122 St Domingo,
100 Pimento (in Bond,) ::. 7
Jam. Rum, 16 O. P. gall. 28 2d 28 40 1s 8d Is 100 Is 10d 2s Od
4 3 4 6 Geneva,
1 10 2 0 Grain Whisky,
6 10 7 3 WINES, Claret, 1st Growths, hhd. 45
55 Portugal Red, pipe. 30
46 Spanish White, butt. 34
55 Tenerifle, pipe. 30
65 LOGWOOD, Jam. ton.
7 7 8 0
8 0 Honduras,
8 10 95 Campeachy, 8
9 0 9 10 FUSTIC, Jamaica,
6 6 6 10 Cuba,
7 15 8 5 INDIGO, Caraccas fine, lb. 7s 60 105 6d 7 6
8 0 9 0 TIMBER, Amer. Pine, foot. 1 6 1 8 Ditto Oak,
3 0 Christiansand (dut paid.) 2 Honduras Mahogany,
1 4 1 8
0 11 1 1 St Domingo, ditto,
1 5 2 0 TAR, American, brl. 20
14 6 Archangel,
16 PITCH, Foreign, cwt. 10 TALLOW, Rus. Yel. Cand. 48 Home melted,
51 HEMP, Riga Rhine, ton. Petersburgh, Clean,
40 FLAX, Riga Thies. & Druj. Rak. 53
46 MATS, Archangel, 100.
Petersburgh Firsts, cwt. 13 10 11 ASHES, Peters. Pearl,
40 Montreal, ditto,
91 TOBACCO, Virgin, fine, ib. 61
5) 08 Middling
6 0 1 0 5 Inferior,
0 24 0 3 COTTON's, Bowed Georg.
0 97 11+
9 0 111 Sea Island, fine,
18 1 10 1 1 7 Good,
14 1 6
1 1 1 5 Middling,
1 1 4
1 1 Demerara and Berbice,
1 0 1 1 0 104 1
1 West India,
0 9 0 11
0 9 0 103 Pernambuco,
of 1 11
1 0 1 1 Maranham,
1 1 0 11 1
0 11 1 13